Bert0611
Level 3
02-04-2021
03:41 PM
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New Client owns a 4 unit apartment building. The building is titled to the TP. Prior accountant listed the activity on the Schedule E to an LLC. The TP has been paying his rent to the LLC and from what I can tell has been taking all expenses.
I can't find anything that supports this way of handling a rental.
Thoughts, concerns direction would be appreciated.
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